A-LevelEconomicsMarket FailureFeb/Mar 2024Paper 1 Q41 Mark
What is the main reason an economy is unlikely to rely completely on market forces to allocate resources?
ADemerit goods will be over supplied.
BMerit goods will be under supplied.
CPrivate goods will not be supplied.
DPublic goods will not be supplied.
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of market failure within the Economicssyllabus. The examiner's mark scheme requires...
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Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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